Kirloskar Ferrous Industries Limited, a material subsidiary of Kirloskar Industries, has secured an international export contract worth approximately USD 13.51 million (~₹128 crore) for the supply of pig iron. The order, awarded by a buyer based in London, UK, entails the supply of 30,000 (+/- 5%) MT of basic grade Pig Iron on a Free on Board (FOB) basis against a Letter of Credit payable at sight. The latest shipment under this contract is scheduled for 15 August 2026.

Contract Details

The agreement was formalized pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The contract specifies that the supply will adhere to the technical specifications mentioned in the agreement, with other shipping and trade terms following standard contractual norms. The company confirmed that the order does not involve any related party transactions and that the promoter group has no interest in the entity awarding the contract.

Order Specifications

The following table outlines the salient details of the contract:

Kirloskar Ferrous Industries Ltd has strengthened its board by co-opting Mrs. Pallavi Gokhale as an Additional Director in the category of Non-Executive Independent Director, effective June 12, 2026. The appointment follows a recommendation by the Nomination and Remuneration Committee and was approved during the board meeting held on June 12, 2026. This strategic addition aims to bolster the company's corporate governance and risk management frameworks.

Mrs. Pallavi Gokhale, aged 54 years, is a commerce graduate, a Chartered Accountant, and a Cost Accountant. She brings over two decades of experience in consulting, having supported large Indian organisations and multi-national corporations across sectors such as automotive, industrial products, metals and mining, and chemicals. Her expertise lies in risk management, process and controls optimisation, digitisation, and driving sustainable governance frameworks.

Prior to this appointment, Gokhale was associated as a partner with Ernst & Young LLP India. During her tenure there, she executed complex reengineering programs for multi-location, multi-business organisations, contributing to operational efficiencies and long-term value creation. She has collaborated with leadership teams to establish robust risk management practices.

Gokhale holds directorships in several other companies. The table below details her current directorial roles:

The company disclosed that Gokhale does not hold any equity shares in Kirloskar Ferrous Industries Ltd. Furthermore, she is not related to any other director or key managerial personnel of the company. The appointment complies with the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant circulars, confirming she is not debarred from holding the position of director by SEBI or any other authority.